BMO GAM's Balmer: Now is not the time to take heroic calls on large equity holdings
Keith Balmer of BMO GAM
Last month the US yield curve inverted, with the yield on 10-year Treasury bonds dipping beneath the yield on 3-month Treasury bills.
History has demonstrated that a yield curve inversion at these specific points has been a good predictor of future recessions. As the US economy is currently driving global growth, a recession in the...
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